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EasyJet made record pre-tax profits of £524m in the second half.  Highlights of the Portuguese market

EasyJet made record pre-tax profits of £524m in the second half. Highlights of the Portuguese market

“In financial year 2023, easyJet saw notable successes, with Portugal emerging as an outstanding performer in several key aspects. The Portuguese market showed significant growth compared to 2022, confirming the airline’s strong performance in the region.

EasyJet posted pre-tax profits of £455 million (€524.60 million) in the second half of its financial year, the company announced on Tuesday, a “record performance” that represented a year-on-year improvement of £633 million (€729.83 million). . million euros).

The company published these figures in a press release, highlighting the performance of the Portuguese market, which recorded record numbers.

“In financial year 2023, easyJet saw notable successes, with Portugal emerging as an outstanding performer in several key aspects. The Portuguese market showed significant growth compared to 2022, confirming the airline’s strong performance in the region.

As for EasyJet Holidays, the group’s travel agency, its pre-tax profits rose by 221% to £122 million (€140.66 million). For the next financial year, the company expects growth of more than 35% for easyJet Holidays, “with average sales prices rising”.

Returning to the Portuguese market, easyJet says it has “maintained its leading position in Madeira – Funchal and Porto Santo”, having achieved “second place in the main airports on the continent – Porto, Lisbon and Faro”.

In 2023, easyJet reached record numbers in Portugal this year, with seat availability at around 10.8 million and bookings at 9.8 million. These are the best results ever, and next year is expected to record new records in supply and demand, with a 4% increase in seats and a 6% increase in reservations, which indicates the airline’s popularity and consumer confidence, which reflects the company’s strong investment in the national market. “.

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In terms of market shares, Funchal secures 23%, Porto Santo 38%, and on mainland Portugal, Porto and Lisbon register 14% and Faro 19%. Moreover, the company continues with the same observation, that easyJet “remains the leader in flows between Portugal: Switzerland, France and the UK”, and the figures reveal “a significant presence of the company in Portugal, with room to grow further, in the coming year”. year”.

Johan Lundgren, CEO of easyJet, highlights that the company has a “positive outlook for the year, with airfare and holiday bookings increasing year on year”.

“With the British market being so important to tourism in Portugal, we are highlighting a recent consumer study which highlights that around three-quarters of British people plan to spend more on their holidays compared to last year, with travel continuing to be the main priority for families.” discretion,” continues the same person in charge, citing this morning’s press release.